Raspadskaya Coal Company (Raspadskaya), one of the largest coking coal producers in Russia, has announced its financial results based on consolidated international financial reporting standards (IFRS) for the first half of this year.
In the given period, Raspadskaya registered a loss of $67.396 million, compared to a loss of $67.730 million in the first half of 2013, while its sales revenue declined by 19 percent year on year to $244.812 million.
During the first half of the current year, Raspadskaya's capital expenditure declined by three percent year on year to $32.679 million.
Raspadskaya's net debt as of the end of the first half this year decreased by two percent as compared to the end of the first half last year to $490.651 million.